Morgan Stanley makes changes to Wealth Management division; Mercer hires Wealth leader for Philadelphia office; and Nationwide selects retirement plan distribution leader.
EBRI projects the present value of additional accumulations over 40 years resulting from all terminated participant balances being automatically moved to their new DC plan is nearly $2 trillion.
Data about retirement plan participant loans and hardship withdrawals supports the need for better financial wellness programs, especially for Millennials and Gen Xers.
A federal court judge refused to dismiss the case, finding that the new claim was not a released claim in a previous lawsuit settlement and the plaintiffs had made sufficient pleadings.
Ascensus partners with NextCapital for investment and fiduciary solutions, and Axioma releases Canadian risk model to suite of funds.
Anya Krymkowski, with Cerulli, says plan sponsors can negotiate with CIT providers to receive more information on the trusts, thereby addressing the transparency issue.
The OMB has received for review a proposed rule from the DOL aimed at reducing costs and improving participant understanding of retirement plan disclosures.
The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more.
A litigation firm has listed what it is investigating for potential lawsuits over target-date funds (TDFs) in retirement plans, and an ERISA attorney makes suggestions for how plan fiduciaries may avoid such suits.
A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable benefit to participants.
Employees can access prescription cost information and comparative cost information about medical procedures and treatments on a single portal.
The 9th Circuit has ruled that Supreme Court decisions show forced arbitration is in fact permissible in the context of Employee Retirement Income Security Act litigation.
The discount is for businesses that set up a new 401(k) plan ahead of the October 1 government deadline for safe harbor plan designs.
Research found low engagement levels with health benefit programs, and one problem it identifies is employees are often required to access multiple disparate systems to learn about and access their full range of health benefits.
